MaxBlox has partnered with Founder Institute (www.fi.co) the global startup accelerator as a sponsor to Founder Institute in Chennai, India. The goal for MaxBlox is to build a vibrant and professional eco-system in Chennai. MaxBlox does not want to only provide technology, but also to provide crucial help to startups in the early stages.

Program

The Founder Institute program is a three and a half month program that plans to train founders to build enduring and successful companies. The candidates have to qualify to be part of the program. After a rigorous and structured program administered by CEO/Founder mentors, they are expected to graduate from the program.

Funding Program

MaxBlox will provide a special benefit to two accomplished graduates of the program.

MaxBlox Funding Program

Founder Institute-Chennai 2018 Graduates

Funding Available:

Rs 2,00,000 for five founders

Eligibility

Must be ENROLLED in the program by early deadline.

Judging Criteria:

Winning teams will be judged on the following criteria in order of importance:

* Product developed using MaxBlox platform

* Customer acquisition status

* Product development status

* Team composition such as number on team, skill coverage, and depth of skills

*Idea potential – quality, market size, and scalability of idea

Funding Schedule:

Funding will be in the form of a grant. Such grant shall be given in three amounts upon achieving the following milestones.

a.Fifteen percent (15%) of the amount shall be granted upon selection.

b.The succeeding Thirty percent (35%) shall be received by the grantee upon completion of screens and menu for 3 data objects as stated below.

Actual Developer milestone:

* Data Model & setup of table structure

* Identification of all UI and UI design

* Completion of login screens

At least 5 primary screens that covers 3 data objects

c.The remaining amount is paid upon completion of MVP, Partner sign-off and production availability.